401(k) | Something On My Mind 2/2

the personal finance blog

Feb 8, 20218 min read

#45 - The 401(k) and the Roth 401(k) Review

The max contribution for the 401(k) and the Roth 401(k) is $19,500 yealry. If you're over 50, you can add $6,500 in catch up contributions.

Jan 29, 20212 min read

PFT #7 - Personal Finance Tip: Rule of 72 and Compound Interest a Retirement Nest Egg

In today’s world it is incumbent on you to build your retirement nest egg therefore, you can use the rule of 72 as a base calculation.

Jan 25, 20216 min read

#43 - To Trust or Not to Trust: How to Protect Your Investments and Your Estate

Trusts supersede a will when there is discrepancy. Most attorneys recommend that you have a will and a trust for backup protection.

Nov 27, 20204 min read

Podcast #4 - Spend More Money Now To Save Money Later

Budgeting sometimes gets a stigma meaning that you're cheap or frugal. You have to budget within the means of the money that you have.

Oct 25, 20207 min read

Podcast #3 - 401(k) Withdrawals and Loans

When you take a 401(k) withdrawal, you'll face a 10% penalty if you're under the age of 59.5 years of age

Oct 24, 202016 min read

#30 - Are the Flames Burning Out on the F.I.R.E Movement? (Financial Independence Retire Early)

-What is the F.I.R.E movement? -What are the budgeting steps required to meet the personal finance goals? -Why the earnings and savings...

Apr 6, 20205 min read

Podcast #1 - Panic Selling During the Coronavirus

Let's discuss the ramifications of panic selling your financial investments if you are not going need the money for the next two years.